BYN.V · 2026-01-20 12:00:00

Extensive Silver Targets Identified by Banyan Gold at AurMac,

Drill Results

Yukon, Canada

January 20, 2026, TSX-V: BYN

VANCOUVER, BC, January 20, 202 6 - Banyan Gold Corp . (the " Company"

or "Banyan") (TSX-V: BYN) (OTCQB: BYAGF) is pleased to announce it has intersected

new high-grade silver (“Ag”) intervals at the Powerline Deposit (“Powerline”) and Airstrip

Deposit (“Airstrip”), at its AurMac Project (“AurMac”), Yukon, Canada.

Banyan has identified new target areas for Keno -style silver mineralization in Powerline

and Airstrip, with the following selected highlights from Zones 1 to 3:

Silver Zone 1:

• AX-25-658 – 46.16 g/t Ag over 2.7m within 4.11 g/t Ag over 52.0m

• AX-25-684 – 158.55g/t Ag over 2.3m within 68.97 g/t Ag over 5.0m

• AX-25-686 – 242 g/t Ag over 1.54m within 86.67g/t Ag over 5.5m and 21.41 g/t Ag over

10.3m within 5.49 g/t Ag over 79.1m including high-grade interval of 109.90 g/t Ag over

1.3m

• AX-25-727 – 123.36 g/t Ag over 10.3m within 38.66 g/t Ag over 34.3m

Historic Intersections:

• MQ00-005 – 28.38 g/t Ag over 10.5m

• MQ-19-46 – 530.00 g/t Ag over 1.4m within 58.83 g/t Ag over 13.6m

Silver Zone 2:

• AX-25-742 – 136.40 g/t Ag over 1.4m within 32.43 g/t Ag over 6.5m

• AX-25-749 – 185.70 g/t Ag over 4.0m within 77.22g/t Ag over 12.3m

• AX-25-756 – 26.37 g/t Ag over 3.1m within 7.00 g/t Ag over 90.2m and 32.03 g/t Ag over

4.9m within 14.41 g/t Ag over 22.1m

Silver Zone 3:

• AX-25-660 – 340 g/t Ag over 1.5m within 26.26 g/t Ag over 19.9m

“Banyan has reported more than 15 successful silver vein intersections, the majority of

which are located within 100 meters of surface, with six being specifically targeted. This

suggests the potential for a larger more continuous vein system ,” said Tara Christie,

Banyan President and CEO. “ We have identified a N -E trending corridor that measures

over 3 km wide and over 2 km along strike. Within this corridor, we have identified three

highly prospective silver target areas (areas 1-3) that are between 300m and 1700m from

the high -grade historic intersection of 1841.14 g/t Ag over 16.8m in AX -21-142, as

detailed in our News Release dated October 29, 2025 (see Figure 1).”

“We have identified several discrete veins hosting Keno -style silver mineralization

associated with Fe -Carbonate, sphalerite, and galena ,” stated Duncan Mackay, V ice

President Exploration of Banyan Gold. “ These zones have multiple sub-parallel Keno-

style veins controlled by late brittle-structures and lithologic boundaries. The potential to

expand these silver targets and confirm the orientation, connectivity and identify potential

extensional zones of the late -brittle structures hosting the mineralization will drive our

targeting in these areas.”

Figure 1: Plan map of new silver intersections in relation to high-grade silver zone in central Powerline (AX-21-142; see

News Release dated October 29, 2025). Magenta ellipses show broad zones of Ag potential. Dashed magenta lines

denote approximate vein traces on surface.

Three new silver targets have been identified in the AurMac deposit (Figure 1; magenta ellipses

1-3). In Airstrip (Figure 2) two discrete veins hosting Keno-style mineralization (Figures 3 and 4)

have been identified in addition to silver mineralization associated with skarn and calc-silicate

alteration in the lower calcareous metasedimentary horizon (Cal 2).

Another silver target has been identified in central Airstrip, associated with discrete Keno-style

veins. In northeast Powerline, similar discrete veins have been identified with potential for

expansion of the targets. Follow-up drilling will test the extent and orientations of these highly

prospective structures as well as the periodicity of potential thicker mineralized intervals.

Figure 2: Cross-sections 467325E in Airstrip. Silver intersections within drillholes AX-25-727, 658, and 686 highlight

the potential for multiple high-grade silver targets throughout the Aurmac deposit. Keno mineralization in AX-25-727

is concentrated at the instructive contact between the Sourdough Hill Quartzite and Felsic Dyke; mineralization in AX-

25-658 is spatially associated with skarn mineralization in Cal 2; mineralization in AX-25-686 is hosted in a

reactivated/brecciated Keno-vein (Figure 4) with a lower horizon of mineralization associated with skarn

mineralization in Cal 2.

Figure 3: High-grade Keno Style mineralization in drillholes AX-25-727 in Airstrip. Silver mineralization is associated

with galena and sphalerite mineralization hosted within discrete Fe-carbonate +- quartz veins; in this interval, Keno

mineralization is associated with brittle deformation concentrated at the contact between the Airstrip felsic dyke and

Sourdough Hill Quartzite (Figure 2).

Figure 4: Brecciated Keno-style mineralization in an Fe-carb vein with galena and sphalerite in Airstrip from drillhole

AX-25-686. Late brittle structures are the typical host for Keno mineralization at Aurmac.

Table 1: Significant diamond drillhole assay intercepts for Powerline in this release

Hole ID

depth

from (m)

depth to

(m)

Ag Interval

(m)

Ag Interval

(g/t)

AX-25-658 50.3 102.30 52.0 4.11

including 53.3 56.00 2.7 46.16

and including 74.3 74.90 0.6 28.30

AX-25-660 182.6 202.50 19.9 26.26

including 193.5 195.00 1.5 340.00

AX-25-684 131.0 136.00 5.0 68.97

including 133.2 135.40 2.2 158.55

AX-25-686 87.2 103.50 16.3 34.00

including 90.5 96.00 5.5 86.67

including 91.5 93.00 1.5 242.00

and 119.0 198.10 79.1 5.49

including 138.2 148.50 10.3 21.41

including 143.1 144.40 1.3 109.90

AX-25-727 32.0 66.30 34.3 38.66

including 42.7 53.00 10.3 123.36

including 49.7 51.00 1.3 888.00

AX-25-742 143.5 150.00 6.5 32.43

including 146.3 147.70 1.4 136.40

AX-25-749 41.0 53.30 12.3 77.22

including 41.0 45.00 4.0 185.70

and including 51.0 52.20 1.2 165.20

AX-25-756 21.5 111.70 90.2 7.00

including 47.2 50.30 3.1 26.37

and including 68.1 90.20 22.1 14.41

including 69.3 74.20 4.9 32.03

MQ-19-46 55.0 90.40 35.4 23.45

including 60.0 73.60 13.6 58.83

including 72.2 73.60 1.4 530.00

and 103.9 108.20 4.3 1.91

AX-23-431 66.7 129.00 62.3 1.63

including 66.0 66.70 0.7 20.75

and including 118.1 119.50 1.4 19.13

and 206.0 224.00 18.0 4.84

including 222.8 224.00 1.2 64.64

and 246.0 263.60 17.6 0.64

MQ00-005 50.9 245.40 194.5 3.34

including 52.4 62.90 10.5 28.38

including 55.0 61.80 6.8 32.01

including 55.0 56.60 1.6 80.40

and including 119.6 120.30 0.7 74.00

Note: Reported intervals are drill widths.

Table 2: Collar Locations for drillholes in this release

HOLE ID

EASTING

(m)

NORTHING

(m)

ELEVATION

(m)

Depth

(m) Azimuth Dip

AX-25-658 467343 7084010 791 157.0 0 -60

AX-25-660 468466 7082854 874 289.8 0 -55

AX-25-684 466653 7083557 745 403.9 0 -60

AX-25-686 467311 7083850 787 199.6 0 -60

AX-25-727 467296 7084105 788 76.8 0 -60

AX-25-742 466502 7083709 728 251.5 0 -60

AX-25-749 466305 7083815 713 256.0 0 -60

AX-25-756 466700 7083821 756 201.2 0 -60

AX-23-431 468403 7082892 865 295.7 3 -56

MQ-19-46 467352 7083950 791 108.2 356 -59

MQ00-005 467325 7083904 789 253.0 0 -60

Analytical Method and Quality Assurance/Quality Control Measures

All diamond drill core was systematically logged and photographed by Banyan geology

personnel. All core samples (HTW and NTW diameter) were split on -site at Banyan’s core

processing facilities. Once split, half samples were placed back in the core boxes w ith the other

half of split samples sealed in poly bags with one part of a three -part sample tag inserted

within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau

Veritas, Whitehorse preparatory laboratory where samples are prepared and then shipped to

Bureau Veritas’s Analytical laboratory in Vancouver, B.C. for pulverization and final chemical

analysis.

Core splits from 2025 reported in this news release were analysed by Bureau Veritas of

Vancouver, B.C., utilizing the four-acid digestion ICP-ES 35-element MA-300 or ICP-ES/MS 59-

element MA-250 analytical package with FA-450 50-gram Fire Assay with AAS finish for gold on

all samples. Samples returning >10 g/t Au were reanalysed by fire assay with gravimetric finish

on a 50g sample (FA-550). High-grade samples with documented visible gold are also analysed

using metallic screen fire assay (FS-652). Samples returning >200 g/t Ag (MA250 or MA300) were

analysed by multi-acid digestion ICP-ES MA370. If samples returned > 1,500 g/t Ag, they were

analysed by fire assay with gravimetric finish on a 50g sample (FA550). If samples returned >

10,000 g/t Ag, they were analysed by fire assay 2g sample (FA501). Bureau Veritas is an

accredited lab following ISO/IEC 17025:2017 SCC File Number 15895. A robust system of

standards, ¼ core duplicates and blanks has been implemented in the 2025 exploration drilling

program and is monitored as chemical assay data becomes available. Historic 2019 Ag samples

were analysed at BV by aqua regia digest ICP -ES/MS 37-element AQ200 (2019). Historic 2012

samples were analysed at ALS by 34-element four acid digest ME-ICP61. If samples returned >

100 g/t Ag, a 0.4g sample was analysed by four acid dig est ICP -AES Ag -OG62. If samples

returned > 1,500 g/t Ag, they were analysed by fire assay with gravimetric finish on a 30g sample

(Ag-GRA21). Historic 2000 Ag samples were analysed at ALS by ICP-MS Ag 9225.

Qualified Persons

Duncan Mackay, M.Sc., P.Geo., is a “ Qualified Person” as defined under National Instrument

43-101, Standards of Disclosure for Mineral Projects (“NI 43-101”), and has reviewed and

approved the content of this news release in respect of all disclosure other than the MRE . Mr.

Mackay is Vice President Exploration for Banyan and has verified the data disclosed in this news

release, including the sampling, analytical and test data underlying the information.

Upcoming Events

• 3rd Annual Canadian Critical Minerals Opportunity Forum, New York, January 21

• Metals Investor Forum Vancouver, January 23 – 24

o Corporate Presentation: January 24, 11:20 AM PST

• Banyan Gold Breakfast Presentation - Featuring Rick Rule and Quinton Hennigh,

Vancouver, January 25, 7:30 – 9:00 AM PST

• AME Roundup, Vancouver, January 28 – 29

o Core Shack Booth 823

• Money Talks: World Outlook Financial Conference, Vancouver, February 6 – 7

• 121 Mining Investment, Cape Town, February 9 – 10

• African Mining Indaba, Cape Town, February 9 – 12

About Banyan

Banyan's primary asset, the AurMac Project is located in the Traditional Territory of First Nation

of Na -Cho Nyäk Dun, in Canada’s Yukon Territory. The current Mineral Resource Estimate

(“MRE”) for the AurMac Project has an effective date of June 28, 2025 and comprises an Indicated

Mineral Resource of 2.274 million ounces of gold (" Au") (112.5 M tonnes at 0.63 g/t) and an

Inferred Mineral Resource of 5.453 Moz of Au (280.6 M tonnes at 0.60 g/t ) (as defined in the

Canadian Institute of Mining, Metallurgy and Petroleum (" CIM") Definition Standards for Mineral

Resources & Mineral Reserves incorporated by reference into NI 43 -101). The 303 square

kilometres (“sq km”) AurMac Project lies 40 k ilometres from Mayo, Yukon. The AurMac Project

is transected by the main Yukon highway and benefits from a 3-phase powerline, existing power

station and cell phone coverage.

Table 3: Pit-Constrained Indicated and Inferred Mineral Resources – AurMac Project

Deposit Gold Cut-Off

(g/t)

Tonnage

(M Tonnes)

Average Gold

Grade (g/t)

Contained Gold

(Moz)

Indicated MRE

Airstrip 0.30 27.7 0.69 0.611

Powerline 0.30 84.8 0.61 1.663

Total Combined

Indicated MRE

0.30 112.5 0.63 2.274

Inferred MRE

Airstrip 0.30 10.1 0.75 0.245

Powerline 0.30 270.4 0.60 5.208

Total Combined

Inferred MRE

0.30 280.6 0.60 5.453

Notes to Table 3:

1. The effective date for the MRE is June 28, 2025, and was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal,

Ginto Consulting Inc., an independent "Qualified Person" within the meaning of NI 43-101.

2. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The

estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation,

sociopolitical, marketing, changes in global gold markets or other relevant issues.

3. The CIM Definition Standards were followed for classification of Mineral Resources. The quantity and grade

of reported Inferred Mineral Resources in this estimation are uncertain in nature and there has been insufficient

exploration to define these Inferred Mineral Resources as an Indicated Mineral Resource.

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